Apple is coming out with a television this year, and it's going to have "a major innovation that will revolutionize the TV experience," according to Topeka Capital analyst Brian White.

White is on a tour of Taiwan and China, meeting with industry sources. As a result of these meetings, he has some gossip on the Apple television.

You never want to say "never" with Apple, but this report just seems a bit far-fetched. Below is his full explanation. The part we're struggling with is the "iRing" and the mini Apple TV being included.

First of all, we believe "iTV" will be 60 inches in size (but could also include 50-55 inch options).

Secondly, we believe Apple will release a miniature device called "iRing" that will be placed on a user's finger and act as a navigation pointer for "iTV," enhancing the motion detection experience and negating some of the functionality found in a remote.

Thirdly, "iTV" will come with a "mini iTV" screen that will seamlessly allow users to view content on this smaller, 9.7-inch screen, while also opening up use cases around home security, phone calls, video conferencing, and other areas. As part of this experience, Siri and FaceTime will be important. Essentially, we believe the "mini iTV" screens will be able to capture content from the 60-inch "iTV" across a distance of up to 200 meters, allowing a user to view "iTV" content in the kitchen, washroom, garage, bedroom, backyard, etc. We believe Apple will offer one "mini iTV" per "iTV," but package options will include up to four screens (i.e., one screen is part of the standard package and pay extra for each additional). While the "mini iTV" screens will be similar in size compared to the iPad, and thus allow for some manufacturing efficiencies, the capabilities and features will be very basic and thus not an iPad replacement.

Furthermore, we believe "iWatch" will be an important part of the "iTV" ecosystem, tapping into "iTV" services in a much more mobile-friendly manner, complementing the "iRing." The interaction between "iTV" and making phone calls will be an important feature of this experience, while the "iWatch" and "iRing" will provide increased mobility around the home, supplanting the need to carry a smartphone around the house.

Finally, we believe consumers will pay approximately $1,500 to $2,500 for the "iTV" package. The price will be based on the number of "mini iTV" screens in the package and the screen size of the "iTV". Also, we are being told that "iTV" could be subsidized by certain service providers to expand the market opportunity.